Renold secures £8.7m contract with Royal Australian Navy

17th Jan 2023 10:48

(Sharecast News) - Engineering group Renold has locked in a contract valued at £8.7m via its Renold Couplings subsidiary.

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Renold earnings rise as net debt expands

16th Nov 2022 13:50

(Sharecast News) - Industrial chain and power transmission product supplier Renold reported a 22% improvement in first-half revenue on Wednesday, or 14.3% at constant exchange rates, to £116.3m, driven by strong growth in its chain operations.

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Renold upbeat on strong set of results

13th Jul 2022 12:21

(Sharecast News) - Industrial chain and power transmission product supplier Renold reported an 18.1% improvement in revenue in its final results on Wednesday, to £195.2m, or 21.4% at constant exchange rates.

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Renold shares surge on upbeat profit outlook

14th Apr 2022 08:23

(Sharecast News) - Renold said annual profit would be significantly higher than expectations, boosted by record orders and price increases at the. industrial products group.

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Renold upgrades 2022 expectations as order book hits record high

23rd Aug 2021 08:10

(Sharecast News) - Renold, a supplier of industrial chain and power transmission products, upgraded its expectations for 2022 on Monday amid a record high order book.

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Renold sees continued recovery in order intake

14th Apr 2021 10:02

(Sharecast News) - Industrial chain and power transmission products supplier Renold said on Wednesday that the recovery in both order intake and revenues had continued, with trading for the year ended 31 March in line with the board's revised expectations.

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Renold H1 revenues drop, highlights 'resilient performance' amid Covid-19

16th Oct 2020 09:55

(Sharecast News) - Power transmission products supplier Renold delivered a "resilient performance" in the first half of its trading year despite markets being "significantly impacted" by the Covid-19 pandemic.

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Renold works to cut costs amid Covid crisis

16th Jun 2020 08:27

(Sharecast News) - Industrial chains and power transmission products supplier Renold reported a fall in revenue to £189.4m in its final results on Tuesday, from £199.6m year-on-year.

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Renold warns of 'direct impact' to operations from coronavirus

28th Feb 2020 09:59

(Sharecast News) - Power transmission products supplier Renold warned on Friday that some "challenging market conditions" and the outbreak of the Wuhan coronavirus would have a direct impact on certain facets of operations.

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Renold loss increases as lower demand holds revenue back

13th Nov 2019 15:27

(Sharecast News) - Renold on Wednesday reported a slight drop in interim profits and said revenue had remained flat due to a challenging economic backdrop.

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Renold on track despite continued market deterioration

14th Oct 2019 10:59

(Sharecast News) - Industrial chain and power transmission products supplier Renold said it remained on course to deliver a full-year result in line with its expectations on Monday, noting its ongoing focus on operational efficiency was helping to offset the impact of a challenging market environment.

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Renold investigation finds 'intentional' mis-statement of accounts

27th Aug 2019 07:45

(Sharecast News) - Industrial chains supplier Renold said on Tuesday that it had completed the investigation into historical accounting issues at its gears business, which found that there had been an "intentional misstatement of results at a local level".

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Chain division boosts profits at Renold

28th May 2019 13:02

(Sharecast News) - Renold posted a rise in full-year operating profit and revenue on Tuesday thanks to strong growth in its chain division.

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Peel Hunt picks 'doublers' for the next 2-3 years

18th Dec 2018 11:09

(Sharecast News) - Peel Hunt has named 29 companies it believes will double in value in the next two to three years, including JD Sports, GoCompare and CMC Markets.

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Renold on track for full year as half-year revenue rises

11th Oct 2018 09:43

(Sharecast News) - Chains manufacturer Renold said on Thursday that it was on track to deliver full-year results in line with the board's expectations, as it posted a jump in revenue.

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